The import of polyethylene with a specific gravity of 0.94 or more to Canada is projected to increase steadily from $556.31 million in 2024 to $589.14 million in 2028. As of 2023, the import value stood around $548.42 million. The year-on-year growth is consistent between 2024 and 2028, showing a positive trend. Over the last two years, the import value increased from 2023 to 2024 and is expected to follow a similar growth pattern going forward.
The Compound Annual Growth Rate (CAGR) over the forecasted five-year period suggests a modest increase, indicating gradual but stable market growth for this period.
Future trends to watch for include potential shifts in global polyethylene production capacities, changes in trade policies, and evolving demand from Canada's plastic product manufacturing sector, which could significantly influence import values.
